UC News

Universal Currency Clearinghouse Inc. (UC)

Universal Currency Clearinghouse Inc. (UC) is a separate company wholly-owned 100% by IRTA. It is the barter industry’s most successful inter-exchange trading on-line trading platform, doing over one million dollars of barter transactions a month. UC was formed in 1997.

UC allows barter exchanges, complementary currency organizations and corporate trade companies to expand the scope and quality of goods and services they can offer their regional members member’s. UC member can sell into new markets and purchase goods and services that are not available within their own systems, while eliminating the inconvenience and confusion of individual reciprocal trading.

There are over 100 participating companies in UC, the majority of which are located in the U.S. However, UC also has international companies that are active traders in UC, those companies are from Italy, France, the United Kingdom, Turkey, Singapore, Brazil, Mexico, Thailand, Australia, New Zealand and China.

UC has a full-time professional broker staff to assist members and increase trading.

UC also developed its own proprietary software platform in 2015, with the cooperation and expertise of BPS Technologies. UC’s software system is extremely user friendly and has been well received by all UC members.

The UC Committee met recently to discuss the rise of cash booking fees on UC, and the handling of room taxes and cleaning fee charges. Historically, in the U.S., room taxes and reasonable cleaning fees have customarily been paid in cash. However, the industry (& UC), have seen an increase in exchanges charging cash booking fees. As a result, the …

When Universal Currency, (UC), was formed in 1997, IRTA envisioned UC would serve the entire barter industry as a meaningful clearinghouse for trade exchanges to trade seamlessly with each other to better satisfy their clients’ needs, and increase their exchange’s trade volume. That vision has been achieved beyond IRTA’s wildest dreams, as UC’s month-in and month-out record-breaking trading volume continues …

UC finished the 1st Quarter of 2017 strong by recording 1,060,852 of barter transactions in March! All three months of the 1st quarter of 2017 were all-time monthly trading records for UC! UC’s 1st quarter record of 4,270,928 represents a 55% increase over last year’s 1st quarter results. “UC is providing real trading benefits to its participating exchanges at a …

Two Record Months in a Row! UC set a new all-time trading record for the month of February, 2017 by recording 1,350,398 of barter transactions! The prior record for February was 1,052,841, set in 2014. The new February 2017 total trade volume figure represents a 28% increase over 2014’s record number. When you add UC’s record January to February’s record …

UC set a new all-time trading record for the month of January by recording 1,859,677 of transactions in January of 2017! In 2016, UC recorded over 12,967,793 of trading – the highest annual trade volume in UC’s entire twenty year history! UC has clearly established itself as the most important inter-exchange trading platform in the barter industry. UC gives trade …

In 2015 UC recorded over 11 million in annual trading for the second consecutive year. With UC’s new customized software system, 2016 is expected to surpass 2015’s impressive numbers. Patty Weston, UC’s International Broker observes, “People are really taking to the new software, its easy to use and posting listings couldn’t be simpler and quicker.” Thank you to all our …

UC has been on its new customized software system for three months, and in each month on the new system we have set an all-time trading record. Total trading for the three month period, August through October of 2015 UC, was up 39% over that same three month period of 2014. Trading is expected to continue to increase even more …

UC set an all-time annual trading record of 11,346,750 in 2014, (a 32% increase over 2013), and UC set an all-time monthly trading record of 1,372,659 in January of 2014. UC’s 2014 cash revenue was also up 21% over 2013’s revenue. These impressive results are a testament to the strength of UC. Thank you to all our UC members for …

LinkedIn Post on the “Think Barter” Group by Ron Whitney on December 3, 2014 Dear Ian: The IRTA Global Board of Directors and the managing body of Universal Currency, (The UC Committee), issued a report on October 4, 2014 that refutes Mr. Logie’s so-called GETS UC Audit Report, and concludes that UC is financially strong and setting trading and revenue …

UC Announces New Stimulus Program — 1,000 Trade Dollar Rebate to UC Members! UC has been setting new trading records virtually every month this year and UC/IRTA wants to keep the positive momentum going! UC has a trade dollar surplus because it operates as a zero-balanced based inter-exchange system and maintains a healthy loan-loss reserve fund. As a result, the …